Copart, Inc. (NASDAQ:CPRT) Holdings Lifted by Boston Financial Mangement LLC

Boston Financial Mangement LLC lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,001,097 shares of the business services provider's stock after buying an additional 11,106 shares during the period. Copart accounts for approximately 3.5% of Boston Financial Mangement LLC's holdings, making the stock its 5th biggest position. Boston Financial Mangement LLC owned 0.21% of Copart worth $114,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Creative Planning lifted its stake in Copart by 1.2% in the third quarter. Creative Planning now owns 141,602 shares of the business services provider's stock valued at $7,420,000 after buying an additional 1,646 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Copart by 7.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,526 shares of the business services provider's stock valued at $866,000 after purchasing an additional 1,122 shares during the last quarter. Eastern Bank acquired a new position in Copart during the 3rd quarter valued at about $29,000. Segment Wealth Management LLC boosted its stake in Copart by 15.1% during the 3rd quarter. Segment Wealth Management LLC now owns 40,873 shares of the business services provider's stock valued at $2,142,000 after purchasing an additional 5,374 shares during the period. Finally, Private Advisor Group LLC grew its position in Copart by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 26,011 shares of the business services provider's stock worth $1,363,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity

In other news, Director Diane M. Morefield sold 30,000 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,740,300.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company's stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of Copart stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 650,213 shares of company stock worth $39,199,813. Insiders own 9.68% of the company's stock.

Copart Stock Performance

NASDAQ CPRT traded down $1.61 on Friday, reaching $56.61. The company's stock had a trading volume of 7,227,988 shares, compared to its average volume of 3,550,620. Copart, Inc. has a twelve month low of $48.05 and a twelve month high of $64.38. The firm's 50 day moving average is $57.97 and its two-hundred day moving average is $55.65. The stock has a market cap of $54.55 billion, a PE ratio of 39.87 and a beta of 1.33.

Copart (NASDAQ:CPRT - Get Free Report) last released its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Equities research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.